All landmark rulings

21,624 rulings

Desk: Both Direct Tax GST

Direct Tax ·ITAT Mumbai · 21 Nov 2016
ITAT - Contribution made by a CA firm to the a branch of ICAI towards construction of administrative building is allowable u/s 37(1).
B. K. Khare And Company vs. ACIT
(2016) TaxCorp(LJ) 11507 (ITAT-MUMBAI) · Section. 37
Direct Tax ·ITAT Ahmedabad · 21 Nov 2016
ITAT - Sec 43B does not have a direct link of the amount of tax to be passed through P&L account. ‘Unpaid service tax’ not routed through P&L a/c disallowed u/s 43B.
Madhya Gujarat Viz. Co. Ltd. Vs. ITO
(2016) TaxCorp(LJ) 11506 (ITAT-AHMEDABAD) · Section. 43B
Direct Tax ·ITAT Amritsar · 21 Nov 2016
ITAT - Once the books of accounts has been rejected, AO cannot fall back upon the same books for making addition.
M/s National India Construction Co. Versus Addl. CIT, Pathankot And Income Tax Officer Ward-2, Pathankot Versus M/s National India Construction Co.
(2016) TaxCorp(LJ) 11505 (ITAT-AMRITSAR) · http://taxcorp.in/FileOpenDT.aspx?ID=49807&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 21 Nov 2016
ITAT - No TDS u/s 195 in respect of Legal fees paid to non-resident Attorneys as the same does not constitute royalty as per India-UK DTAA nor FTS u/s. 9(1)((vi)/vii).
M/s. Kotak Mahindra Bank Limited Versus The Income Tax Officer (International Tax) TDS 3, Mumbai
(2016) TaxCorp(LJ) 11504 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=52098&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Bangalore · 21 Nov 2016
ITAT - When the transactions in question are falling under the ambit of definition of ‘international transaction’ as provided u/s.92B of the Act, then the AE being tax resident of India will not take out the matter from the purview of the TP provisions.
United Engineers (Malasia) Berhad Quorum Versus Deputy Commissioner of Income-tax, (International Taxation), Circle -11 (1) , Bengaluru
(2016) TaxCorp(LJ) 11503 (ITAT-BANGALORE) · http://taxcorp.in/FileOpenDT.aspx?ID=51870&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Kolkata · 21 Nov 2016
ITAT - Denial of loss suffered on handling charges - Since the impugned disallowance is made on assumptions and surmises the same is deleted.
Arabinda Kundu Versus I.T.O., Ward-49 (1), Kolkata
(2016) TaxCorp(LJ) 11502 (ITAT-KOLKATA) · http://taxcorp.in/FileOpenDT.aspx?ID=51286&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Delhi · 21 Nov 2016
ITAT - No TDS u/ s 195 on the bank guarantee commission paid to a foreign bank.
DCIT, CIRLCE 14 (1), NEW DELHI Versus M/s POWER MACHINES (INDIA) LTD.
(2016) TaxCorp(LJ) 11501 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=51282&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 21 Nov 2016
ITAT - Penalty on income from bad debts recovered since the assessee has failed to do, in violation of the mandated provisions of law.
M/s. Forbes and Company Ltd. (formerly Forbes Gokak Ltd.) Versus DCIT, Circle 1 (1), Mumbai
(2016) TaxCorp(LJ) 11500 (ITAT-MUMBAI) · http://taxcorp.in/FileOpenDT.aspx?ID=52099&Category=ITAT&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 18 Nov 2016
ITAT - Even though assessee filed only a scanned copy of application in Form 35A, such defect is curable u/s 292B.
MSM Satellite (Singapore) Pte. Ltd. vs. JDIT (IT)
(2016) TaxCorp(LJ) 11499 (ITAT-MUMBAI)
Direct Tax ·ITAT Ahmedabad · 19 Nov 2016
ITAT - Merely because the assessee did not contest the addition, cannot give rise to any adverse inference against the assessee, as in any case it was running into huge losses. No penalty u/s 271(1)(c).
ACIT, Circle-1, Surat Versus M/s. Banco Silk Mills Pvt. Ltd.
(2016) TaxCorp(LJ) 11498 (ITAT-AHMEDABAD) · http://taxcorp.in/FileOpenDT.aspx?ID=52082&Category=ITAT&CategoryType=Zip
Direct Tax ·Madras High Court · 18 Nov 2016
HC - Sec 234C interest is mandatory in nature. Argument that deferment in payment of advance tax was beyond the control of assessee cannot be accepted.
MRF ltd. Vs. DCIT
(2016) TaxCorp(LJ) 11497 (HC-MADRAS) · Section. 234C
Direct Tax ·P&H High Court · 19 Nov 2016
HC - Assessee was prima facie required to prove the validity of the transaction. The assessee having failed to do so, no right accrues in his favour on account of non- summoning of the witness under section 131 of the Act by the AO.
Sham Sunder Khanna Versus Commissioner of Income-Tax
(2016) TaxCorp(LJ) 11496 (HC-P&H) · http://taxcorp.in/FileOpenDT.aspx?ID=66166&Category=Judgment&CategoryType=Zip
Direct Tax ·Delhi High Court · 18 Nov 2016
HC - Writ Dismissed - Reasoning required by an order u/s 127 cannot be equated to a quasi judicial order and lack of detailed reasoning is not grave-prejudice to assessee.
M. K. Overseas Pvt. Ltd., Chaudhary Skin Trading Company vs. Pr. CIT
(2016) TaxCorp(LJ) 11495 (HC-DELHI)
Direct Tax ·AP High Court · 19 Nov 2016
HC - No TDS u/s 194H on the discount offered to the retailers as the same could only be treated as sales promotion expenses, and not as commission. No services were rendered by the retailers.
Commissioner of Income-Tax (TDS) Versus United Breweries Ltd. (Successor to United Millenium Breweries)
(2016) TaxCorp(LJ) 11493 (HC-AP) · http://taxcorp.in/FileOpenDT.aspx?ID=66351&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Ahmedabad · 18 Nov 2016
ITAT - Technical/consultancy service payments by an company to a Switzerland company, constitutes FTS under India-Swiss DTAA.
Torrent Pharmaceuticals Ltd. vs. ITO (International Taxation)
(2016) TaxCorp(LJ) 11492 (ITAT-AHMEDABAD)
Direct Tax ·Kerala High Court · 19 Nov 2016
HC - Since the annual value of the building which was let out was to be estimated, the estimation could be done applying Section 23(1)(b).
THE COMMISSIONER OF INCOME TAX, CALICUT Versus DR. K.M. MEHABOOB, M/s. MOIDU'S MEDICARE (P) LTD.,
(2016) TaxCorp(LJ) 11491 (HC-KERALA) · http://taxcorp.in/FileOpenDT.aspx?ID=66755&Category=Judgment&CategoryType=Zip
Direct Tax ·ITAT Mumbai · 17 Nov 2016
ITAT - Since no consideration accrues or is received by the assessee in case of demerger, no capital gains would arise in the hands of the assessee.
Aditya Birla Telecom Limited
(2016) TaxCorp(LJ) 11490 (ITAT-MUMBAI)
Direct Tax ·ITAT Mumbai · 17 Nov 2016
ITAT - Mere finding of the purchase transactions as genuine would not take the same beyond the scope of Sec 40A(3) disallowance, but for the cases covered by Rule 6DD exceptions, Sec 40A(3) disallowance is mandatory in nature.
International Ships Stores Suppliers Vs. JCIT
(2016) TaxCorp(LJ) 11489 (ITAT-MUMBAI)
Direct Tax ·Madras High Court · 17 Nov 2016
HC - There is no power of review conferred on the Settlement Commission to reopen the proceedings.
R. Vijayalakshmi vs. Income Tax Settlement Commission and others
(2016) TaxCorp(LJ) 11488 (HC-MADRAS)
Direct Tax ·Supreme Court · 17 Nov 2016
SC - SLP Dismissed - HC had held that in case of violation u/s 11(5) and 13(1)(d), exemption granted to the assessee shall not be withdrawn for the entire income but only towards income arising from the investment made in violation of sec. 13.
CIT. vs. Karnataka Industrial Area, Development Board
(2016) TaxCorp(LJ) 11487 (SC) · Sections. 11, 13

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